Commodity demand drives BlackRock

Group's Commodities Income offering is continuing to benefit from rising prices

A positive supply/demand picture and M&A activity will be key themes in commodity companies over the coming volatile months, according to BlackRock. The group's Commodities Income investment trust has continued to benefit from the boom in several assets in recent months, particularly oil and tin. In the six months to end May, the vehicle's NAV and share price rose by 18.7% and 25.5% respectively. Over the same period, the HSBC Global Mining and the MSCI World Energy benchmarks rose 14.6% and 19.9% respectively. Manager Richard Davis highlighted the stronger-performing commodities incl...